Quote from vikana:
at some philosophical level trading is much like quantum mechanics: you can't make accurate predictions, only statements of probability.
Quote from rlb21079:
I agree as I would think Einstein to agree.
Quote from wally_:
I don't think Einstein would agree with you. Einstein was one of the harshest critics of quantum mechanics. He never liked it and considered it incomplete. The so called Einstein-Podolski-Rosen thought experiment was a milestone in the understanding of real nature of quantum world but only after John Bell developed it into a mathematically coherent statement that could be experimentally tested. Einstein was proved wrong by experiments based on Bell's theorem but he did not live long enough to learn about it. Still, his objections proved very instrumental to our understanding of quantum mechanics and if he did not make them, we would have to wait longer for the very important theorem produced by Bell.
Quote from rlb21079:
I thought what I stated was what you have stated here?? I am not knowledgeable of the Bell theorem, but have read numerous articles on the debate b/w Einstein and Bohr, et al. What I meant to state was that statistical/probability understanding is incomplete by nature.
Quote from wally_:
OK, I got you better now. Yes, Einstein... good popular book on this subject is 'Quantum Reality' by Nick Herbert, who also wrote some other popular physics books, at least I am familiar with one more.
Hope this helps.
Quote from rlb21079:
Oh well, back to the drawing board I suppose.
Thanks again, I shall be making my not-so-graceful exit of this thread now.
-rlb